On April 17, TCab Tech, a Chinese developer of tiltrotor electric vertical takeoff and landing (eVTOL) aircraft, signed a strategic agreement with BOC Leasing, a subsidiary of Bank of China, for the purchase of 100 E20 eVTOLs.
“This order marks a significant milestone in TCab Tech’s journey toward large-scale commercialization and reflects growing confidence from the financial industry in eVTOL technology and its market potential,” said the company in a Linkedin press statement. “The two companies will leverage their respective strengths in aviation manufacturing and financial services to accelerate the deployment of eVTOL aircraft and explore innovative business models for low-altitude mobility.”
The E20 eVTOL has a maximum speed of 320 km/h and a payload capacity for one pilot plus four passengers, says TCab Tech.
“TCab Tech has maintained a longstanding partnership with Bank of China, covering enterprise banking, cash flow optimization, and cross-border services. This collaboration with BOC Leasing strengthens that relationship and brings additional financial resources to support TCab Tech’s production and delivery capabilities…. Looking ahead, TCab Tech and BOC Leasing plan to jointly explore global market opportunities and promote the international adoption of eVTOL solutions.”
For more information
https://www.linkedin.com/pulse/tcab-tech-secures-100-aircraft-purchase-order-from-boc-leasing-ovonc/?trackingId=SM3%2FLd0unKLvq5f1TUKWPg%3D%3D